The total debt and liabilities of Pakistan have reached 87.2% of Gross Domestic Product (GDP). Details of the debt owed by the Ministry of Finance were tabled in the National Assembly session today. The government has confirmed the increase in the country’s debt by Rs 14,000 billion. According to a report submitted to the National Assembly, … Read more
The Asian Development Bank (ADB) has forecast that Pakistan’s economic growth rate will improve from negative 0.4% to 2%. A report released by the Asian Development Bank (ADB) said that the government of Pakistan had given a relief package of Rs. 1240 billion to boost economic activities affected by the Coronavirus pandemic. The government package … Read more
American business and financial services Moody’s has stated that On March 26th, State Bank of Pakistan (SBP), the country’s central bank, cut its policy rate 150 basis points to 11%, reduced banks’ capital conservation buffers (CCB) 100 basis points to 1.5%, relaxed terms for new and existing loans and announced other forbearance measures to increase … Read more
State Bank of Pakistan has released its Annual Report on The State of Pakistan’s Economy for the fiscal year 2018-19 today. According to the report, several policy measures were taken during the year to manage the twin deficits crisis. In particular, adjustment of exchange rate to market fundamentals, curtailment in public sector development expenditure, and … Read more
Pakistan will be one of top twenty countries to dominate global growth by 2024. According to the World GDP growth of 2019 China has the biggest GDP rate which is 32.7%, United States have a rate of 13.8% and India owns 13.5%. But in 2024 the scenario will be changed and Pakistan will be the … Read more
The International Monetary Fund (IMF) has released World Economic Outlook report 2019. According to the report, the unemployment rate in Pakistan will go up to 6.2 percent in fiscal year 2020 and unemployment rate in fiscal year 2019 is 6.1 percent. The actual GDP of Pakistan was 5.5% in Fiscal Year 2018, which was reduced … Read more
